CANADA PENSION AND OLD AGE SECURITY AMOUNTS


 

 

 

 

 

 

 

 

Maximum Income Security Benefits Effective January 1, 2008

 

CANADA PENSION PLAN  (JANUARY - DECEMBER 2008) 

Retirement Pension (at age 65)

$884.58

Disability Pension

$1,077.52

Death Benefit (maximum lump sum)

$2,500.00

Survivor's Pension (under age 65)

$492.28

Survivor's Pension (age 65 and over)

$530.75

Children of Deceased or Disabled Contributor

$208.77

Combined Pensions

    Survivor\Retirement (retired at age 65)

$884.58

    Survivor\Disability

$1,077.52

Yearly Maximum Pensionable Earnings (YMPE) for year 2008 

$44,900.00

OLD AGE SECURITY PROGRAM  (JANUARY - MARCH 2008)

Basic Old Age Security pension

$ 502.31

Guaranteed Income Supplement (GIS)

    Single

$ 634.02

    Spouse of non-pensioner

$634.02

    Spouse of pensioner

$418.69

    Spouse of Allowance recipient

$418.69

Spouse's Allowance (SPA)

    Regular

$921.00

    Widowed

$1,020.91

OAS 15% clawback commences with an income above $64,718. The full OAS pension is eliminated when a pensioner's net income is $104,903 or above.

Further information can be found on the Service Canada website at the attached link:

http://www.hrsdc.gc.ca/en/isp/statistics/rates/pdf/janmar08.pdf

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